Sage Accounting Software – Benefits & Features (A Quick Review)

Sage Accounting Software has been around for over four decades. Strikingly, the brand’s core focus remains on serving the accounting needs of small and medium-sized businesses (SMBs).

But we all know that no two businesses are the same in size, scale, or industry.  Not to worry, Sage offers a diverse range of accounting solutions tailored to specific purposes and needs. The good thing is that the products continue to evolve with the shifting technological landscape.

In this blog post, we’ll explore some popular accounting systems offered by Sage.  Additionally, we have outlined some important features and benefits for your reference.

So, whether you run an in-house operation or prefer to outsource your accounting, you’ll be in the know what to expect upon their implementation.

Sage Accounting Systems: Features Overview

The scope of Sage accounting software solutions is versatile.  Available as online, offline, and hybrid options, different modules are meant to fulfill the unique needs of the different user segments. Notably, customization is a major factor driving Sage’s adoption by businesses from across industries, as well as CPA practices and accounting services.

Below are some popular modules with their key features:

• Sage 50: The solution combines the benefits of desktop accounting with cloud capabilities. Its hybrid nature provides enhanced flexibility. Sage 50 is ideal for small businesses looking to simplify complex accounting processes.
• Sage Accounting: Geared towards small businesses, this cloud-based, easy-to-use online accounting software empowers users to effectively manage cash flows, invoicing, payments, and taxes from any location.
• Sage Intacct: Not limited to accounting, this cloud-based software is a complete financial management solution. It caters to a wide range of business entities, from startups to mid-sized enterprises, spanning a broader spectrum.
• Sage 100: Going beyond basic accounting, Sage 100 offers a comprehensive business management solution, making it suitable for larger setups.

Notably, a small business’s accounting needs are usually not very complex. Some of the significant features of Sage systems that you might prefer include:

• Invoice Generation
• Supplier and Customer Recordkeeping
• Payment Processing
• Automatic Ledger Updates
• Stock Level Management
• Payroll Calculation

[Note: This article’s focus is exclusively on the ‘Accounting’ aspect, thus excluding discussion of other versions of the product(s)]

Advantages of Using Sage Accounting Software

Successful business operations are characterized by productivity, efficiency, and minimal friction.

Naturally, you would look for a solution that allows for manual bookkeeping to be replaced by automation, saving valuable business hours. Besides, real-time tracking, remote accessibility, and compliance also hold significant importance.

However, technology has a learning curve and can also be expensive sometimes. Therefore, accounting software that is user-friendly, feature-rich, secure, and budget-friendly can be an ideal pick.

Let’s delve into the benefits offered by these two versions:

• Sage Accounting

Sage Accounting allows you to effortlessly create and manage invoices. It allows you to keep a keen watch on payments and receivables, helping you maintain a steady cash flow.

Furthermore, automated bank reconciliation ensures your records are always accurate.

Also, you can save a lot of time and effort by feeding data directly into the system. The accountant can simply click a photo of a document, such as bills and receipts, and post them.

Plus, your clients will not have to wait as sending estimates and quotes becomes almost instant.

With its intuitive features, the software enables you to estimate cash flows and make informed decisions.

• Sage 50 Accounting

The version of Sage Accounting System comprises a comprehensive suite of tools to streamline your business finances. From hassle-free invoicing and efficient payments and banking to keeping track of your expenses and job costing, it helps simplify your financial operations.

Its advanced features enable you to manage your inventory more effectively, which can help save money and improve customer service. Robust reporting and audit tracking can provide meaningful data insights for review and future planning.

As your financial sub-processes are now more synchronized, you get a holistic view of your company’s finances.

Importantly, you can also seamlessly integrate Sage 50  Accounting with Payroll.

This allows you to expand its scope and take advantage of the add-on service.

 

As such, both accounting tools offer benefits such as automation, cloud accessibility, robust reporting, and customization.

However, it’s important to note that different versions of Sage’s accounting-focused software offer unique capabilities and features, with costs varying based on the modules provided.

In general, Sage positions itself as an affordable option.

Leverage Sage’s Accounting Prowess with Centelli

Whether you’re a business, CPA, or accounting firm looking to outsource accounting tasks, we understand if you are concerned about service quality and costs.  You might also have apprehensions about the software expertise of the team handling your accounting tasks.

Absolutely!

A thorough grasp of the features and functionalities is imperative. Even with a top-notch accounting system, achieving desirable outcomes and delivering excellent service would be challenging without ample understanding.

However, this is not the case when you partner with us.

As a professional accounting outsourcing service, we adhere to specific benchmarks. We have a diverse team of experts, all equipped with experience in marketing-leading software and tools.

So, we’re able to deliver the best outcomes meeting our client’s expectations. We encourage you to leave your worries at bay – our accountants and bookkeepers are amply trained to handle your accounting tasks powered by Sage.

Centelli’s services extend across the UK, Europe, and the United States.  Explore our accounting services portfolio here.

Conclusion

Sage accounting solutions enjoy widespread popularity in the UK, the US, Canada, and other parts of the world. Especially for small and medium businesses and organizations seeking a hassle-free, cost-efficient accounting solution, Sage is a good option.

Furthermore, it’s also trusted by many CPAs, accounting firms, and outsourced accounting services.  Sage is an important part of our accounting services tech stack at Centelli as well.

Is Sage your preferred accounting software?

Interested to know how we can help you leverage its potential to the fullest? Not to mention, loads of time and money you can save when you outsource with us.  Contact us now to get your free consultation!